Hubbell Reports Strong Q2 Results and Raises Full-Year Outlook
Hubbell Inc (NYSE:HUBB) reported strong second-quarter results for 2026 with sales rising 15% to $1.712 billion, driven by organic growth of 10% and a 5-percentage-point contribution from acquisitions. Adjusted EPS increased 12% year-over-year to $5.52 as demand grew in utility transmission and distribution markets and data centers. The company raised its full-year outlook following the acquisition of NSI, which closed in early June for $3 billion. The deal is expected to add approximately $0.20 to 2026 adjusted EPS and $0.80 in 2027, with targeted sales synergies between 2% and 3%, as well as cost savings of about 3-5%. Hubbell also plans to reduce acquisition-related debt over the next 24 to 30 months. Hubbell's Utility Solutions segment saw $1.026 billion in Q2 sales, up 10% year-over-year with organic growth at 6%, and adjusted operating profit rose by 10%. The company is benefiting from increased investment in data centers and utility infrastructure as it continues to expand its market presence.
Topics: data centers Hubbell NSI acquisition Q2 earnings T&D infrastructure